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Part 1:
The last 24 hours of LNBϟG (2025-11-02): Amount transactions: 19259 The sum of transfered BTC: 118.86707353 Percentile 0%: 1 sats Percentile 25%: 11781 sats Percentile 50%: 78254 sats Percentile 75%: 231757 sats Percentile 95%: 1281921 sats Last 24 hours fee earning: 2551270 sat (0.0255127 BTC)
Part 2:
Actually, I understand a bit more about what's happening and why it's happening. Just yesterday, I opened new channels on the Binance and OKX exchanges because all channels on these two nodes get drained really quickly. I even created new console statistics commands using AI tools that allow me to track which nodes are generating income, meaning the nodes that are receiving the financial flow. It's from outgoing payments that I earn through commissions, and I can track the indirect nodes that generate income, meaning where the financial flow is coming from. Incoming payments don't bring direct income, but they do generate income on the exit where they are redirected. So it's also important to consider indirectly incoming nodes that generate income.
Part 3:
So, it turns out that the main huge flow of funds is going to the exchanges Binance and OKX, and it could also be going to the Kraken exchange, but they have closed the option for opening incoming channels.
Indirectly generating income is the top node Boltz, which is the service for exchanging Bitcoin on-chain to Lightning and Lightning to on-chain.
Also, my share of local balance for private channels has grown significantly. So I can assume the following scenarios for why this is happening.
Someone is opening private channels to me and paying on Binance. This is probably done because Binance by default has whitelists for nodes that can open incoming channels to them, while other nodes in the network cannot open those channels on Binance. They only have the option to work through intermediary nodes, including mine. But that's not the main flow; otherwise, I would see private nodes in the top indirectly generating income. Well, Boltz is at the top.
So it seems the main scenario is that people are funding their accounts on Binance through the Bitcoin Lightning Network, using either wallets integrated with Boltz, where you can pay #Lightning invoices through Bitcoin on-chain, or directly using the Boltz service since they have a website. They pay Lightning invoices issued by the Binance exchange, settling with on-chain Bitcoin. Why this is happening, you can guess for yourself. Maybe it's done for privacy because on-chain Bitcoin is easily analyzed, and the Binance exchange can ask various inconvenient questions for every incoming Bitcoin on-chain transaction, while Bitcoin Lightning Network transactions have no connection to Bitcoin on-chain transactions since all payments come only from the nearest channels. And where they came from, there's no information due to the privacy of Bitcoin Lightning Network
17 sats \ 0 replies \ @zapsammy 15h
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Boltz
They provide a great service and have open software, but all the fake L2 wallets relying on them is creating a huge centralization risk to the network.
We're going to wire Boltz API into ShockWallet for chain spending, but will priortize Zeus's instance and @SwapMarket assuming equal fees.
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Thanks!
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While Boltz is great for offering trust-less swaps, I wouldn't trust that they offer privacy. They know exactly which on-chain tx pays which invoice, and I'd be very surprised if they didn't save this data.
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0 sats \ 4 replies \ @nelom 13h
If Darth can remind us, there is a mainstream Boltz and a forked Boltz iirc, I forget
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Did you ever used Zeus ? You can see there how many swaps providers are. Same as on https://swapmarket.github.io You can run your own swap service if you like and join to that market.
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0 sats \ 2 replies \ @nelom 13h
Ah yes that's it 🙏
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Did you ever used Electrum? Even in Electrum you have integrated swaps.
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0 sats \ 0 replies \ @nelom 13h
Excellent thank you 🙏
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